Puts Purchased on Capstead Mortgage Corporation (CMO)
April 18, 2011 12:04 PM
Shares of Capstead Mortgage Corporation (NYSE: CMO are lower on the session by 1.23%, currently trading at $12.79. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the May 2011 $12.50 put was purchased 1,100 times, on the offer, on open interest of 696 contracts.
Overall put volume is now running at 19.98x the daily average with 73% of all puts traded being purchases on the offer.
Capstead Mortgage Corporation operates as a self-managed real estate investment trust. The company earns income from investing in a portfolio of residential mortgage pass-through securities consisting of adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, or by an agency of the federal government, Government National Mortgage Association.
